6 Responses to “Suck it, Lou Dobbs”

Ok. Ok. Ok. I get it. But how many of the people they showed bought those toys by refinancing their Los Angeles area homes (Castaic Lake is located in LA County)when they were at inflated 2005 prices and pulled equity out to pay for everything, but are now struggling to pay their adjustable rate interest only mortgages?

Actually, the number of properties in foreclosure was about 250,000 out of the 13 million housing units (owner occupied, rentals, investments)in CA. Put another way, 12,750,000 units weren’t in foreclosure.